Coinbase launches encapsulated tokens cbADA and cbLTC for Cardano and Litecoin respectively on Base According to Cryptoslate, Coinbase announced early this morning that it will launch packaging tokens cbADA and cbLTC for Cardano and Litecoin on its Layer2 network base, completing the previously announced four packaging token issuance plans (including cbDOGE and cbXRP, which were launched in early June). At present, on chain reserve proof shows that 11364 LTC and 2963259 ADA have been locked in custody addresses as underlying assets.